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After analyzing the market and the needs of investors, the Nexo team said they realized the demand for professional-like trading for retail customers, according to a Sept. 7 news release shared with CryptoSlate.
Nexo’s Vice President, Yasen Yankov, said:
“Nexo Pro is the result of a long exploration in the world of retail and institutional trading. We’ve tried and tested its underlying features”
The Nexo Pro has been launched for all existing Nexo users for an additional 50% discount on transaction fees.
All current Nexo users can start using Nexo Pro without having to transfer their assets.
Aiming at offering an industrial-level trading service to individual users, Nexo Pro offers institutional-grade aggregated liquidity and near-zero slippage of trade executions when buying and selling.
Sophisticated trading tools such as Time-Weighted Average Price (TWAP) and smart orders, API gateways, and perpetual futures contracts are included in the new platform.
The Nexo team also aims to offer their customers the best and most stable prices. To do so, the platform gathers 3,000 order books and 420 liquidity pools to aggregate the most advantageous option.
The Nexo team is keen on turning Nexo Pro into a “360-degree crypto-crypto-coin super app.” The platform’s desktop version is already live and is ready to be used by over 5 million Nexo users. The mobile version will be out in the near future as well.
Additional token utilities will be introduced in the coming weeks to give NEXO Token holders the to reduce trading fees. Moreover, the team also hinted that wallet, lending, and custody features are currently being developed.
Nexo also launched its crypto-crypto-coin-backed card in partnership with Mastercard in early 2022, which could be more closely integrated with the new platform.